STOCK MARKET VIEW BY SACHIN AGGARWAL : March 2019

Sunday, 31 March 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 31.03. 2019 NIFTY SPOT : 11623.90

Hi readers,

Nifty moved and as was mentioned in my previous blog and made a high of 11630 and closed at 11623.90.

Hope readers would have enjoyed the up move and profits.

Now What :-

Now I would like to book full profits and step aside for one.

Although the breakout is good and charming and the mid cap index also gave a breakout of double bottom pattern.

Now, Let it consolidate and sustain the breakout.

As today is March 31st and Mutual funds are the major beneficiaries of the breakout as their N.A.V.'s on March 31st will be good.

I would like to see, if, they are still active and buyers in the coming week also.

For the coming week strategy is to step aside and wait to see that strength is continuing or not and which side Nifty moves.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

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Sunday, 24 March 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 24.03. 2019 NIFTY SPOT : 11456.90

Hi readers,

Nifty moved and as was mentioned in my previous blog and made a high of 11572 and closed at 11456.90.

Now What :-

View on Nifty is still the same.

Nifty is giving correction and the strategy is still the same buy on dips.

However further dip is not ruled out. But the texture of Nifty will remain the same.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Sunday, 17 March 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 17.03. 2019 NIFTY SPOT : 11426.85

Hi readers,

Nifty moved up nonstop and made a high of 11487 and closed at 11426.

Although we expected a sharp and decent move in Nifty in the month of march on either side. And it is very rare that we miss any trade but this time the risk reward ratio was high thus we preferred to step aside and Nifty was in no mood to give any re-entry point.

Now What :-

The breakout is strong and the only trade available in town is to buy on dips.

Wait for the dip to come and look for buying possibilities in Nifty after dip.

Any dip of 150-200 points might give opportunity to buy.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Sunday, 10 March 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 10.03. 2019 NIFTY SPOT : 11035.40

Hi readers,

Nifty moved up with style and made a high of 11089 and closed at 11035.

We remained on sidelines as was mentioned in previous weeks blog to remain on side lines in case of upside movement.

Nifty gave the opportunity for professional traders to buy and get some points during the day, but that was only for professional traders.

Now What :-

Now Since the confidence level is still missing in participating in the Nifty's rally for taking any positional view.

We still maintain to remain stepping aside as of now and keep remaining on sidelines.

We would like to see the coming weeks move also for forming any view.

Because on smaller time frame charts the indicators have moved to overbought zones. Thus we do not want to buy immediately and below 10968 Nifty might start losing its strenght.

Thus just stay on sidelines.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Monday, 4 March 2019

Nifty Blog by CA. Sachin Aggarwal

Dated :- 04.03. 2019 NIFTY SPOT : 10863.50

Hi readers,

Nifty moved as was mentioned in my previous blog.

In-spite of tension between India and Pakistan Nifty respected the levels and moved up.

Now What :-

Now it is the time to book profits from long positions in Nifty and step aside for once.

In the coming weeks I expect that Nifty to take a decisive move in one side.

In the month of March it is expected that Nifty to make a full body candle on monthly charts.

I would like to see the movement in the coming week.

Because some of the fast indicators are indicating that Nifty might head downside in the coming month. Though it is initial stage and medium term indicators yet to confirm that.

Thus I would book full profits from long positions and step aside.

Rather, close below 10828 I will be open to look for small selling possibilities for small profits that too with small stop loss, else I would be stepping aside.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Disclaimer:

The views on Nifty and Stocks and calls made herein are personal views of the author of the blog and are for information, knowledge and educational purpose only and not for commercial purpose in any way. Views expressed in the blog are for information and for education only and it may or may not hold good. These views or calls made on the blog are not recommendations to anybody to buy or sell any index or securities. The above views and calls are based on technical analysis. While due care has been taken while expressing these views and calls, the author of the blog, is not responsible for any liability of any sort arising from the use of this blog. Readers of this column and those who buy or sell index or securities based on information in this blog are solely responsible themselves for their actions. The author may have positions in any of the index or stocks mentioned in this column. Readers of the blog are advised that before trading or doing investment in markets please take advise from your financial expert/consultant. Usage of this blog information confirms that user has read this disclaimer.